Green Dot director granted 17,496 RSUs
SHAHEEN GEORGE T reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
SHAHEEN GEORGE T reported acquisition or exercise transactions in this Form 4 filing.
GREEN DOT CORP director George T. Shaheen received an equity grant of 17,496 shares of Class A Common Stock in the form of restricted stock units. These RSUs are scheduled to vest in full on the first anniversary of the grant date, but vesting will accelerate or be prorated if the merger transactions under the Agreement and Plan of Merger with CommerceOne Financial Corporation close earlier. After this grant, Shaheen directly holds 129,462 shares.
Insider Trade Summary
Grant/Award: 17,496 shares
Grant/Award
1 txn
Insider
SHAHEEN GEORGE T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 17,496 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 129,462 shares (Direct)
Footnotes (1)
- F1. Represents shares of Class A Common Stock underlying a restricted stock unit ("RSU") award that will vest as to all underlying shares on the first anniversary of the date of grant, with vesting to accelerate upon the occurrence of the closing of the transactions contemplated by the Agreement and Plan of Merger by and among the issuer, CommerceOne Financial Corporation and certain other parties thereto, dated as of November 23, 2025 (the "Closing") prior to such date; provided, however, that in the event the Closing occurs prior to the first anniversary of the date of grant, the RSU award shall vest on a prorated basis such that the number of vested RSUs is equal to the product of the total number of RSUs subject to such award multiplied by a fraction, the numerator of which is the number of days elapsed from the date of grant through and including the date of the Closing, and the denominator of which is 365.
Key Figures
RSU grant size: 17,496 shares
Shares held after grant: 129,462 shares
Grant price: $0.00 per share
+1 more
4 metrics
RSU grant size
17,496 shares
Class A Common Stock underlying new restricted stock unit award
Shares held after grant
129,462 shares
Director George T. Shaheen direct holdings following RSU award
Grant price
$0.00 per share
Reported transaction price for RSU award, indicating compensation grant
Vesting period
1 year (365 days)
RSUs vest on first anniversary of grant or prorated to merger closing
Key Terms
restricted stock unit ("RSU"), Agreement and Plan of Merger, CommerceOne Financial Corporation, prorated basis, +1 more
5 terms
restricted stock unit ("RSU") financial
"Represents shares of Class A Common Stock underlying a restricted stock unit ("RSU") award that will vest..."
Agreement and Plan of Merger regulatory
"upon the occurrence of the closing of the transactions contemplated by the Agreement and Plan of Merger by and among the issuer..."
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
CommerceOne Financial Corporation financial
"the Agreement and Plan of Merger by and among the issuer, CommerceOne Financial Corporation and certain other parties thereto..."
prorated basis financial
"the RSU award shall vest on a prorated basis such that the number of vested RSUs is equal to the product..."
Class A Common Stock financial
"Represents shares of Class A Common Stock underlying a restricted stock unit ("RSU") award..."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Green Dot (GDOT) director George T. Shaheen report on this Form 4?
George T. Shaheen reported receiving 17,496 shares of Class A Common Stock as a restricted stock unit award. The grant is recorded at a price of $0.00 per share as it is compensation, not a market purchase, and increases his direct holdings.
When do the newly granted Green Dot (GDOT) RSUs to George T. Shaheen vest?
The RSUs underlying 17,496 Green Dot shares vest in full on the first anniversary of the grant date. However, vesting can accelerate or be prorated if the merger transactions under the Agreement and Plan of Merger close before that anniversary date.
How is vesting affected if the Green Dot and CommerceOne merger closes early?
If the merger transactions close before the first anniversary of grant, Shaheen’s RSUs vest on a prorated basis. The vested amount equals total RSUs multiplied by days from grant through the closing date divided by 365, according to the footnote terms.
Is George T. Shaheen’s Green Dot (GDOT) RSU award a market purchase or a compensation grant?
The Form 4 characterizes the 17,496-share RSU award as a compensation-related grant or award acquisition. The transaction code “A” and a reported price of $0.00 per share indicate it is not an open-market purchase but part of his director compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
